Home to some of the most exceptional real estate in the world, the Big Island Hawaii real estate market is far more than just a vacation or retirement hotspot

Hawaii Big Island Real Estate Market

The Hawaii Big Island real estate market is home to some of the most exceptional homes in the world. It is far more than a vacation or retirement spot. Hawaii real estate includes resort properties, land to build, ranch estates, oceanfront luxury homes, and golf course properties. The properties are ideal for primary homes, seasonal residences, and income-producing rental properties.

The Big Island continues to draw new residents each year. In fact, it is home to over 200,000 full-time residents, with an average daily visitor population approaching 22,000 people. That’s why the Big Island market is getting more attention as people realize the benefits of owning property here.

Today, on a national level, home prices are increasing at rates similar to those prior to the housing decline, indicating that buyer confidence has rebounded. Similarly, on a local level, the Big Island real estate market has seen the median price of a single-family home increase more than 25 percent year over year, and the time it takes to sell a property has fallen to less than 170 days for single-family homes and less than 100 days for condominiums.

“The Big Island real estate market is also seeing an upward trend in interest for Big Island land on which to build – something that generally indicates a strong market overall”.

Living on the Big Island affords residents endless opportunities for recreational pursuits. You can enjoy water sports, hiking and biking trails, horseback riding, and more. Furthermore, you have a number of exclusive resorts along the Kohala and North Kona coastline. These resorts offer world-class amenities such as spa and fitness facilities, championship golf courses, and full concierge services. It’s just another benefit of these homes for sale on the Big Island.

Hawaii Big Island real estate represents a dream for many. Let the experts at Luxury Big Island be your guides to the local market. With our expertise and personalized service, you’re sure to find the right property.

The Big Island real estate market is also seeing an upward trend in interest for open land. That typically indicates a strong overall market.

What Does This Mean For The Big Island Real Estate Market?

Interest in Hawaii real estate is contributing to housing recovery throughout the island. The late 1990s and early 2000s were some of the most prosperous years for Hawaii Big Island real estate. However, the island did not escape the housing crisis of early 2008.

Today, national home prices are increasing at rates similar to those before the housing decline, indicating strong buyer confidence. On a local level, Big Island real estate has seen the median price of a single-family home increase. These are substantial year-over-year increases, in addition to shorter selling times. These factors indicate a thriving local real estate market.

Market conditions are positive for both buyers and sellers. Increasing home values mean sellers can expect a better return when they sell. Shorter times on the market also mean it is quicker and easier to sell. Buyer confidence can also result in more competition for sales.
Properties Types in the Hawaii Big Island Real Estate Market

Resort

Resort properties are some of the most sought-after Hawaii homes for sale. On the Big Island, you’ll find many of these within resort communities on the Kona and Kohala coastline. Options include Single-family homes, luxury oceanfront estates, quaint townhomes, low-maintenance condominiums, and prestigious golf course homes. You’ll find these properties within the resort communities of Hualalai, Kukio, Mauna Kea, Mauna Lani, and Waikoloa.

These homes take full advantage of the Big Island’s natural landscape and offer buyers a truly luxurious and amenity-filled lifestyle. The homes in these communities can offer an idyllic place to live or the perfect paradise retreat.

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On Hawaii’s Ocean Front.

Oceanfront

Hawaii Big Island real estate is also known for its oceanfront properties. These desirable homes allow residents unrestricted access to some of the most world-renowned beaches.

Discerning buyers seeking exceptional Hawaii homes for sale should not miss oceanfront properties on the Big Island. Owners can hear the waves crashing outside their windows and have their toes in the sand just outside their doors. Buyers who choose Big Island oceanfront homes have all this to look forward to and more!

Hawaii’s Ranches & Land.

Ranch

The Hawaii real estate market is home to several great opportunities for ranch living. Owners enjoy a unique rural atmosphere with these properties. These prestigious gated communities feature expansive parcels of land and luxury homes and estates. Ranch properties are ideal for buyers looking to escape the hustle and bustle of the tourist and resort areas.

Many of these communities also offer equestrian facilities, beautiful natural landscapes, and breathtaking views.

Land

It isn’t all homes for sale on the Big Island. Hawaii also has a great selection of raw land to build your dream home. You could buy oceanfront acreage available in the many resort areas or find open parcels in ranch communities.

Are you looking to build your custom home in Hawaii? The team at Luxury Big Island can help you find the perfect parcel to suit your needs.

Interested in Learning More?

Reach out to our expert team for personalized guidance and insights into the Hawaii Big Island market. Let us help you find the perfect property. Contact Luxury Big Island Us

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